Tuesday, January 01, 2013

Follow up on Aletheia

A couple of weeks ago I blogged about the trouble at Aletheia fund managers. Well they are going out of business and we are shifting the account to Boston Advisors Large Cap Growth.

I didn't have access to the account for almost a year as the portfolio information service provider changed and I didn't have the login details. I just checked the acount now and they really didn't perform well before going under. The account was 16% below where I had estimated it would be based on the last known value in January 2012 and the S&P 500 index. In other words they underperformed the index 16% in one year. In absolute terms down 0.03% for the year. By comparison the Thomas White account my mother also has was above where I expected based on the MSCI All World Index and up 18.6% for the year.

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About Me

I'm an economist and an active investor and currently live in Australia. I'm a global investor though I focus on Australian and U.S. investments. This blog tracks our net worth and investment performance and discusses personal finance, investing, and trading from an economic perspective. In the picture, Moomin is looking for treasure.